U.S. Federal Reserve website
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U.S. Federal Reserve website


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Jeffry (2007) asserts, The Federal Reserve was founded by Congress in 1913 as the central bank of the U.S.. It was created to regulate the fiscal policy of the United States in order to achieve economic stability. Money is the key towards individual and economic success. Let us talk about the purpose and function of money. Money is necessary to run the economy of a country. It is one of the most important concepts to be understood in the running of the worlds financial system (Helfield, 2003). If we talk about the functions of money, we can say that money helps people engage in the indirect exchange of products and services. Whenever we go to a supermarket or to a shopping mall, we need to have money to buy the desired products. Money serves all needs and demands of people that involve

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